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Daily Mirror
Daily Mirror
Business
Patrick Daly

What is CPI and why is it based on the price of dog collars and veggie sausages?

Inflation Office for National Statistics

The fact that the UK is in the midst of record inflation is no secret to those watching food prices tick up and up.

A number of factors can push up inflation, but the main way of tracking it is via the consumer price index (CPI).

The Office for National Statistics (ONS) is due to announce the June rate of CPI inflation on Wednesday July 20.

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